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Trump says a Spirit bailout still is possible as doubts about the airline’s survival mount

WASHINGTON (AP) — President Donald Trump said Friday his administration was still weighing a taxpayer-funded takeover of Spirit Airlines, with talks ongoing and no final decision yet on whether to move forward with a potential bailout for a carrier mired in bankruptcy proceedings for the second time in less than two years. Trump emphasized that a deal to rescue the financially strapped airline remained under review. The president did not provide details but said an announcement could come later Friday or Saturday. “We’re looking at it. If we could do it, we’ll do it. But only ...

Kimberly-Clark reps talk of plans

NILES — A customer base of 117 million awaits Kimberly-Clark when its 1 million-square-foot manufacturing facility begins operations. Representatives of the multinational personal care products company addressed an audience of approximately 350 during Wednesday’s Lake to River Economic ...

Apple beats out earnings estimates with continued iPhone momentum

Apple posted strong results for its quarterly earnings on Thursday, but investors’ attention is also focused on the upcoming CEO change and the tech firm’s artificial intelligence strategy. The January-March results announced Thursday reflect the continued momentum of iPhone sales. CEO Tim Cook said in a statement that it was the company’s best March quarter ever. The company earned $29.58 billion, or $2.01 per share, in the January-March period, up about 22% from the same period a year earlier. Revenue rose about 17% to $111.18 billion from $95.36 billion a year earlier. ...

WASHINGTON (AP) — Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation’s central bank at risk. “I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Powell said in remarks at a press conference after the Fed announced its decision to keep its benchmark interest rate unchanged. Powell’s ...

GM expects a $500 million tariff refund from Trump levies the Supreme Court struck down

NEW YORK (AP) — General Motors is expecting a $500 million tariff refund after the Supreme Court struck down some of President Donald Trump’s most sweeping levies. That’s boosted the Detroit auto maker’s outlook for 2026. On Tuesday, GM said it’s now looking to rake in $13.5 billion to $15.5 billion in earnings before interest and taxes this year — up from previous forecasts of $13 billion to $15 billion. The refund is set to ease the company’s total tariff expenses some. GM anticipates paying $2.5 billion to $3.5 billion in tariff costs for 2026, the company said ...

BP’s profit more than doubles as US gas prices hit multiyear highs

BP’s profit more than doubled in the first quarter as the war in Iran drove energy prices sharply higher. On the same day that the British energy giant reported a banner financial performance, gasoline prices in the U.S. hit new multiyear highs, a point of increasing agitation for travelers, households and also businesses that are particularly sensitive to higher energy prices, such as airlines. The near closure of the Strait of Hormuz off the coast of Iran is a flashpoint in the war and the source of much of the economic pain being felt globally. The Trump administration appeared ...